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North Coast Ventures (NCV) is a venture capital firm founded in 2006 and based in Cleveland, Ohio. The firm focuses on early-stage technology investments, primarily in the B2B SaaS sector. NCV operates four contributed capital funds and has successfully deployed over $90 million into 67 high-potential ventures. The firm is supported by a robust network of over 400 members, including leading investors, entrepreneurs, and business leaders.
Since its inception, NCV has achieved notable milestones, including 10 successful acquisitions and recognition for its investment in OnShift, which received the NVCA Exit of the Year award. The firm’s portfolio currently includes 62 companies across various sectors, with a strong emphasis on healthcare, fintech, and SaaS. NCV's anticipated Acceleration Fund III is expected to be around $50 million, further enhancing its capacity to support early-stage ventures.
North Coast Ventures specializes in investing in highly scalable B2B SaaS ventures that address significant market challenges. The firm primarily targets early-stage investments, focusing on Seed, Series A, and Series B rounds. Check sizes typically range from $200,000 to $300,000, allowing NCV to support startups at various stages of their growth journey.
NCV's investment strategy includes a Seed Fund that invests in companies demonstrating initial indicators of success and an Acceleration Fund that targets firms with meaningful commercial traction. The firm emphasizes the importance of domain expertise and strategic introductions, leveraging its extensive member network to enhance the success of its portfolio companies. Key sectors of interest include SaaS, healthcare, and fintech, aligning with NCV's thesis of solving significant problems through technology.
North Coast Ventures has built a diverse portfolio of 62 companies across multiple sectors, with a notable focus on SaaS, healthcare, and fintech. Some of the prominent companies in their portfolio include:
NCV has achieved 10 acquisitions, showcasing its ability to identify and nurture high-potential ventures. The firm continues to actively invest in new opportunities, with three investments made in the last 12 months.
Todd Federman: Managing Director with extensive experience in venture capital and technology investments. He has led multiple successful funding rounds and has a strong background in B2B SaaS.
Clay Rankin: Managing Director Emeritus, previously involved in numerous high-profile investments and has a deep understanding of the startup ecosystem.
Daniel Luketic: Director with expertise in early-stage investments and a focus on healthcare and fintech sectors.
Ann Kirschner: Chief Financial and Operating Officer, responsible for overseeing financial operations and strategic initiatives within the firm.
Michael Leonard: Investment Associate who supports deal sourcing and portfolio management, with a keen interest in technology startups.
To pitch North Coast Ventures, founders should send an email to ann.kirschner@northcoast.vc with a detailed pitch deck. The deck should include information about the business model, market opportunity, competitive landscape, and team background. NCV prefers warm introductions but is open to direct pitches via email. Response times may vary, but founders can generally expect feedback within a few weeks.
On September 25, 2025, North Coast Ventures made its most recent investment in Primum Health, continuing its focus on early-stage technology companies. In March 2025, NCV celebrated the acquisition of AmpliFund by Euna Solutions, marking a significant exit for the firm. Additionally, NCV has highlighted its commitment to connecting portfolio companies with valuable resources through its extensive member network.
What are North Coast Ventures' investment criteria?
NCV focuses on early-stage B2B SaaS ventures that demonstrate scalability and address significant market needs. The firm invests primarily in Seed, Series A, and Series B rounds, with check sizes ranging from $200,000 to $300,000.
How can I apply or pitch to North Coast Ventures?
Founders can reach out to NCV via email at ann.kirschner@northcoast.vc to discuss potential investment opportunities. A well-prepared pitch deck that outlines the business model, market opportunity, and team is recommended.
What makes North Coast Ventures different from other VC firms?
NCV distinguishes itself through its extensive member network of over 400 leading investors, entrepreneurs, and business leaders. This network provides portfolio companies with valuable resources, connections, and domain expertise that can significantly enhance their growth prospects.
What is the geographic scope of North Coast Ventures?
NCV primarily focuses on investments within North America, particularly the United States. The firm seeks to support local startups that align with its investment thesis.
What is North Coast Ventures' post-investment involvement like?
NCV actively engages with its portfolio companies, providing access to its member network and facilitating strategic introductions to corporate decision-makers. This support is aimed at enhancing the growth and success of the companies in which they invest.
What is the fund size and how much capital has been deployed?
North Coast Ventures has a fund size of $50 million and has deployed over $90 million into 67 ventures since its founding in 2006.
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